Select Comfort Reiterates 2013 Guidance - Analyst Blog

Mattress retailer,
Select Comfort Corporation
(
SCSS
), reiterated its outlook for 2013, which it had trimmed at the
time of the announcement of third-quarter 2013 results on Oct 16,
2013.

The company now maintains its full-year 2013 GAAP earnings
guidance in the range of $1.14-$1.22 per share. It also
reaffirmed the fourth-quarter earnings projection of 18-26 cents
a share. Net sales are still expected to grow at a low
double-digit rate during the final quarter.

This manufacturer of premium quality, innovative
adjustable-firmness beds and other sleep-related products had
anticipated comparable-store sales to grow in the mid
single-digits.

A downtrend was triggered in the Zacks Consensus Estimate
following the company's lower-than-anticipated results and
truncated guidance. This is evident from the movement witnessed
in the Zacks Consensus Estimate that dropped 12.1% to $1.16 for
2013 and 15.7% to $1.40 per share for 2014 in the past 30
days.

With the Zacks Consensus Estimate for both 2013 and 2014 going
down, the company now has a Zacks Rank #5 (Strong Sell).

Other stocks that are worth considering include
Hanesbrands Inc.
(
HBI
),
Best Buy Co., Inc.
(
BBY
) and
Five Below, Inc.
(
FIVE
). While Hanesbrands and Best Buy carry a Zacks Rank #1 (Strong
Buy), Five Below has a Zacks Rank #2 (Buy).